China gaming platform MetaApp has raised a $100 million Series C round led by SIG and featuring existing investors China Creation Ventures (CCV) and Sky9 Capital. It is said to be the largest single round in China's gaming industry.
Australian mid-market private equity firm CPE Capital has agreed to sell Gourmet Food Holdings (GFH) – a local producer of crackers and biscuits – to US-based food multinational Mondelēz International.
Vietnam education start-up Point Avenue is pursuing expansion across after-school tuition, bilingual K-12 schools, and online platforms. Gaw Capital will provide financial and strategic support
UK development finance institution CDC Group has invested $20 million in Indian e-commerce player Ecom Express. It follows a $36 million investment from CDC last year.
FountainVest Partners has led a $100 million funding round for Ushopal, a China-focused e-commerce platform that sources global luxury brands for the high-end consumer market.
Odyssey Private Equity has acquired a significant stake in MTB Direct (MTBD), an Australia-based online retailer specializing in mountain bikes, replacement parts, and cycling clothing and accessories.
My Food Bag, a cook-your-own meal kit delivery service backed by Waterman Capital, has raised NZ$342.2 million ($245.5 million) in New Zealand’s largest IPO since 2014.
India’s Oaks Asset Management has raised INR4 billion ($55 million) for its second mid-market consumer private equity fund. The overall target is INR5 billion.
Singapore-based Next Gen, which markets a vegetarian chicken brand called Tindle, has raised $10 million in what is being called the largest-ever seed round in the food tech space.
Chinese middle-market buyout firm Lunar has agreed to acquire a women’s health and IVF business from Mason Group, a Hong Kong conglomerate with interests in financial services and healthcare, for HK$268 million ($34.5 million).
Hillhouse Capital has established a China joint venture with Fanatics, a US-based sports retailer that specializes in licensed sports apparel.
Blackbird Ventures and King River Capital have led a A$33.5 million ($26 million) Series B investment in Australian retail industry data services provider Lexer.
Everstone Capital has exited Indian bread brand Modern Foods to a local subsidiary of Grupo Bimbo, a global strategic headquartered in Mexico, for an undisclosed sum.
PS Alliance, an investment unit of South Korean automotive and electronic components manufacturer Poongsung Group, has led a KRW305 billion ($276 million) commitment to local e-commerce platform Tmon.
Nayuki, a private equity-backed Chinese teahouse chain also known as Naixuecha, has filed for a Hong Kong IPO. It comes on the heels of a $100 million Series C round.
New Zealand’s Waterman Capital will realize up to NZ$193.9 million ($140 million) through the IPO of My Food Bag, a home delivery service that provides customers with ingredients and recipes to cook their own meals.
Coupang, a Korean e-commerce business that has secured approximately $3.5 billion in private funding over the past decade, has filed for an IPO in the US.
Meishubao, a China-based online art education platform, has completed a Series D extension of more than $40 million that takes the overall funding round past $250 million.
Indian news app Dailyhunt has raised $100 million led by Qatar Investment Authority (QIA) and Glade Brook Capital Partners. It extends a $102 million Series H round last year featuring Google.
Chinese coffee shop chain Luckin Coffee, which has several private equity backers, has filed for bankruptcy protection in the US to aid its restructuring efforts following the emergence of a sales fraud last year.
Fenbi, a China-based vocational education platform, has raised $390 million in a Series A round led by IDG Capital and Trustbridge Partners. Hony Capital also took part.
Mobile Premier League (MPL), an Indian mobile gaming platform that matches users for competitive play, has raised a $95 million Series D round at a post-money valuation of $945 million.
Building a core competence in data analytics and a broader array of loyalty options underpinned Affinity Equity Partners’ 3.6x return on Velocity Frequent Flyer
CVC Capital Partners is set to make its largest investment in Japan since before the global financial crisis, having agreed to purchase of a majority stake in Shiseido’s personal care business at a valuation of JPY160 billion ($1.52 billion).